Operating Company Industrial Services

Crestone Services Group

Denver, Colorado, United States

A leading service provider of electric, gas, and communications infrastructure. Installs and maintains critical infrastructure across the utility asset lifecycle, from permitting and installation through surface restoration and ongoing maintenance.

Focus Areas
Communications contractor, Telecommunications infrastructure (fiber-to-the-premises/FTTP), Wireless carrier infrastructure (tower construction and maintenance)

Tracked deals

4

4 tracked deals across 2020-2021.

Recent pace

0

0 tracked deals announced in the last 12 months.

Deal mix

Addon

4 addon

Crestone Services Group Acquisition Volume by Year

Last 2 years

Acquisition volume by year Annual acquisition counts for the last 2 years for Crestone Services Group. 2 2020 2 2021

Supporting Data

Recent Transactions

  • Buyer
    Crestone Services Group, LLC
    Target
    Americom Technology, Inc.
    Seller
    Americom Technology, Inc. (selling shareholders / founder Pat Richter)
    Industry
    Infrastructure
    Type
    Addon

    Crestone Services Group, a Denver-based communications and utility infrastructure platform, has acquired Americom Technology, Inc., a West Valley City, Utah provider of fiber-optic, power/utility and ISP cabling services and data center design. Americom will continue to operate under President and Founder Pat Richter; the deal expands Crestone's footprint across the Mountain West as an add-on to its existing West Division.

  • Buyer
    Crestone Services Group, LLC
    Target
    Dillie & Kuhn, Inc., Agave Underground Utility
    Seller
    Larry Dillie, Brad Kuhn, Sam Ledezma
    Industry
    Infrastructure
    Location
    United States
    Type
    Addon

    Crestone Services Group, a Denver-based communications and utility services platform, acquired Dillie & Kuhn (a turnkey communications contractor in Southern Colorado) and Agave Underground Utility (an underground specialty contractor in Phoenix, Arizona). The transactions are add-on acquisitions to expand Crestone's capacity and market share across Southern Colorado, New Mexico and Arizona and to bolster its Arizona business (DSI) for increased FTTP and 5G wireline work.

  • Buyer
    Crestone Services Group, LLC, Diamond State Ventures, Banyan Investment Partners, Asydan Capital Management, Post Road Group
    Target
    Rilo Electric & Communications Construction, LLC (d/b/a RECC Wireless)
    Type
    Addon

    Crestone Services Group has acquired Rilo Electric & Communications Construction, LLC (d/b/a RECC Wireless). RECC Wireless will operate as a division of Crestone's A to Z Field Services and be led by founder Kevin Glynn, expanding Crestone’s turnkey tower construction and wireless maintenance capabilities to support 5G infrastructure. Crestone is a joint investment between Diamond State Ventures, Banyan Investment Partners, Asydan Capital Management and Post Road Group.

  • Buyer
    Crestone Services Group, LLC, Diamond State Ventures, Banyan Investment Partners (Banyan Fund, L.P.), Asydan Capital Management, Post Road Group
    Target
    HDD Specialists, LLC, Underground Specialties, Inc.
    Seller
    Atkins family (seller of Underground Specialties, Inc.)
    Industry
    Construction
    Type
    Addon

    Crestone Services Group (a PE-backed utility services platform) acquired HDD Specialists, LLC and Underground Specialties, Inc. to expand its directional drilling and trenchless-utility capabilities ahead of increased 5G and utility-infrastructure work. The transactions fold Underground Specialties into Crestone's DrillTech division and retain HDDS leadership to grow crews and service offerings across power, gas and telecom markets.

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